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I bet that most startups don't fail miserably, they probably just fizzle out. We've all had those light bulb moments where a great idea hits us and we think it

by byoung2 16y ago

I bet that most startups don't fail miserably, they probably just fizzle out. We've all had those light bulb moments where a great idea hits us and we think it would make a great business. You get a couple coders together and hack something together only to realize it's too hard, or you don't have enough time, or a number of other excuses. You go back to work and soon your startup is forgotten. I'm not sure whether the total number of startups (of which maybe 10% succeed) includes the ones I described, because they're so hard to track.

city41 16y ago
Do those really count as "start ups"? If so I've had about 10 start ups. And I really don't consider anything I've done as a "start up".
- byoung2 16y ago
  That's my question...when does an idea become a startup? After the first all night hack-a-thon? After you set up your "coming soon" page? When the first person quits his day job? Depending on what we're calling a startup, that 90% number can be very reassuring or very depressing.
  - city41 16y ago
    In my own personal view, quitting your day job is the indication you've embarked on a start up.
  - tejaswiy 16y ago
    The stats I think consider only the startups that were incorporated (if that's the right word).